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    Operations in the Time of Industry 4.0: A guide to managing the clash of digitalization and real time operations
    Operations in the Time of Industry 4.0: A guide to managing the clash of digitalization and real time operations
    Operations in the Time of Industry 4.0: A guide to managing the clash of digitalization and real time operations
    Ebook108 pages1 hour

    Operations in the Time of Industry 4.0: A guide to managing the clash of digitalization and real time operations

    By Stefan Tontsch

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    About this ebook

    We all know the stereotypical tech company: highly educated young people in Silicon Valley perform magic that ends up in creating a powerful new product on your smartphone.
    However, there is a workforce too, carrying parcels up stairs, driving trains, and mowing the lawns. The majority of these people are neither in their twenties nor are they multi-lingual computer science graduates.
    It may seem that the world of work will increasingly be divided into a small group of digital sorcerers and a large group of muggles taking care of the grunt work. Is that inevitable? Is operations doomed to a future of being a meaningless sidekick to the digital world?
    The exact opposite is true. However, in order to leverage digital solutions in operational processes, we need to change our ways - quickly and dramatically.
    This book holds some good advice on how to do it.
    LanguageEnglish
    PublisherBooks on Demand
    Release dateSep 2, 2019
    ISBN9783749475360
    Operations in the Time of Industry 4.0: A guide to managing the clash of digitalization and real time operations
    Author

    Stefan Tontsch

    Stefan Tontsch - born in 1974 - is living in Berlin, the heart of the European start-up scene and is currently VP Operations at FlixBus. As a mathematician he started his career in IT, working on tools like the Deutsche Bahn yield management system. His Operations Mantra - a tech-based approach to operational processes - became the starting point for this book.

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      Book preview

      Operations in the Time of Industry 4.0 - Stefan Tontsch

      read.

      BUSINESS POTENTIAL OF

      OPERATIONS 4.0

      It doesn’t take long to figure the difference in company value between a tech company and an old economy business: It is in the multiple of the turnover.

      You can think whatever you like about the true value of a tech company, but it is a fact that, on the same turnover, their value is 6 to 12 times higher.

      Without drilling too deep into the reasons (as it would lead us off topic), the fundamental investor expectation behind it is that the market sees a more promising future for tech companies than for old economy companies.

      Old economy has a business – tech has a future

      On a tech platform you can scale, grow, and enter new markets with very little effort. You can adapt to changes quickly, and you avail of opportunities for great margins when

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